Nebius Group is trading 10.62% down at $197.50 as the stock undergoes a sharp post-rally pullback following a surge tied to Nvidia’s disclosed 9.3% passive stake.
- Shares are retreating as momentum cools and investors move to take profits following the recent spike in valuation.
- The broader tech landscape is providing a negative backdrop, with the Nasdaq under pressure and AI-spending sentiment softening after recent megacap earnings.
- The move represents a mix of profit-taking and risk-off pressure currently affecting AI infrastructure names.